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Executive and Legislative documents laid before the General Assembly of North-Carolina [1869; 1870]

1809- 7().] Docr-MENT No. 33. Ill
certain State Ijonds issued on account of the Cluitliau! Rail-road
Company, and I was informed that the Board of Brokers
in jSTcw York liad declared certain bonds of the State, those
A' my company included, not a. good delivery. And in coq-
-e(|uence of the decision of the Supreme Court of this State,
leclaring the bonds issued for the Chatham Railroad Company
invalid, and the bonds issued to the Williamston and Tarboro'
Railroad Company being sup})used to be lialde to objection,
the General Assembly passed an act authorizing an issue of
the like amount of bonds on account of the Williamston and
Tarboro' Railroad Company upon the return to the treasury
if tliose already issued, as betore stated by me. In pursuance
ot this act, I caused to be returned to the treasury the said
two hundred and sixty-two bonds, and the like number and
amount were received of the Treasurer in lieu thereof.
The said bonds were returned by Express, by my direction,
and deposited in bawk in the city of New York. About the
latter part of April or 1st of May, 186'J, I went to New York.
I saw Mr. Pickerel], who told me that a like number and
amount of North Carolina bonds, with those of my company,
liad, a few days betore my arrival, been borrowed and been
^'>ld, and that, if I thought proper, I might adoiit the sale and
take the proceeds, and let my bonds go to replace those wdiich
had l)een l)orrowed. Atter considering tlie matter I concluded
ti) do it.
The net amount realized upon the said sale amounted to
one hundred and thirty-five thousand nine hundred and fort}'^-
eight dollars and forty-seven cents, ($135,948 -±7.)
Ques. 5. Have you made any use, temporary or other, of
any ot the above bonds, by hypothecation or otlierwise ^
Ans. I made no other use of them, nor authorized any
other than already stated by me.
Ques. (). What disposition was made, if any, of the pro-ceeds
of the said sales of bonds i
Ans. The whole amount has been disbursed, and beside it,
a large sum borrowed, for the expenses incurred in and about

1809- 7().] Docr-MENT No. 33. Ill
certain State Ijonds issued on account of the Cluitliau! Rail-road
Company, and I was informed that the Board of Brokers
in jSTcw York liad declared certain bonds of the State, those
A' my company included, not a. good delivery. And in coq-
-e(|uence of the decision of the Supreme Court of this State,
leclaring the bonds issued for the Chatham Railroad Company
invalid, and the bonds issued to the Williamston and Tarboro'
Railroad Company being sup})used to be lialde to objection,
the General Assembly passed an act authorizing an issue of
the like amount of bonds on account of the Williamston and
Tarboro' Railroad Company upon the return to the treasury
if tliose already issued, as betore stated by me. In pursuance
ot this act, I caused to be returned to the treasury the said
two hundred and sixty-two bonds, and the like number and
amount were received of the Treasurer in lieu thereof.
The said bonds were returned by Express, by my direction,
and deposited in bawk in the city of New York. About the
latter part of April or 1st of May, 186'J, I went to New York.
I saw Mr. Pickerel], who told me that a like number and
amount of North Carolina bonds, with those of my company,
liad, a few days betore my arrival, been borrowed and been
^'>ld, and that, if I thought proper, I might adoiit the sale and
take the proceeds, and let my bonds go to replace those wdiich
had l)een l)orrowed. Atter considering tlie matter I concluded
ti) do it.
The net amount realized upon the said sale amounted to
one hundred and thirty-five thousand nine hundred and fort}'^-
eight dollars and forty-seven cents, ($135,948 -±7.)
Ques. 5. Have you made any use, temporary or other, of
any ot the above bonds, by hypothecation or otlierwise ^
Ans. I made no other use of them, nor authorized any
other than already stated by me.
Ques. (). What disposition was made, if any, of the pro-ceeds
of the said sales of bonds i
Ans. The whole amount has been disbursed, and beside it,
a large sum borrowed, for the expenses incurred in and about